Dillsboro, Switzerland County, Indiana Property Taxes
Median Dillsboro, IN effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Indiana state median of 0.99%.
Median Dillsboro, IN home value: $114,950
Median annual Dillsboro, IN tax bill: $933, $1,467 lower than the national median property tax bill of $2,400.
How are property taxes in Switzerland County calculated?
Property taxes in Dillsboro, IN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Dillsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dillsboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dillsboro, Switzerland County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$769
$714
Property Tax Rates Across Dillsboro, Switzerland County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation arises because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Dillsboro, located in Switzerland County, Indiana, the effective property tax rate stands at 0.75%, aligning with both the highest and lowest median tax rates in the area. This rate is notably lower than Indiana's median property tax rate and significantly below the national median of 1.02%. Consequently, residents of Dillsboro benefit from more affordable property taxes compared to many other regions in the United States. This advantageous rate can make a substantial difference in the overall cost of homeownership, providing financial relief to property owners in the area. By understanding these variations, residents can make informed decisions about property investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dillsboro Tax Rate
0.65%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Switzerland County Tax Rate
0.76%
Median Effective Indiana Tax Rate
1.01%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dillsboro, Switzerland County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47018 | 0.41% | 0.51% | 0.65% | 0.98% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Dillsboro, Switzerland County, Indiana
When examining property taxes in Dillsboro, Indiana, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Switzerland County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Switzerland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Dillsboro.
For example, the median home price in Dillsboro is $114,950, with tax bills ranging significantly across the county. Zip code 47018 has the highest median home price at $114,950.
Property Tax Assessment Values Across Dillsboro, Switzerland County, Indiana
Source: Ownwell
$46,500
$82,400
$118,300
Median Dillsboro Market Value
$118,300
Median Switzerland County Market Value
$88,000
Median Indiana Market Value
$186,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dillsboro, Switzerland County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47018 | $57,940 | $77,000 | $118,300 | $170,225 | $252,710 |
Source: Ownwell
Property Tax Bills Across Dillsboro, Switzerland County, Indiana
Median Dillsboro Tax Bill
$859
Median Switzerland County Tax Bill
$678
Median Indiana Tax Bill
$1,964
Median United States Tax Bill
$2,400
Property Tax Bills Across Dillsboro, Switzerland County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 47018 | $274 | $488 | $859 | $1,321 | $2,341 |
Source: Ownwell